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Security agencies worried over fake notes from Nepal

Security agencies are rattled by a surge in the amount of fake Indian currency notes (FICN) seized from the Tribhuvan International Airport in Kathmandu,Nepal.

Written by VijaitaSingh | New Delhi | Published: April 14, 2013 1:14:27 am

Security agencies are rattled by a surge in the amount of fake Indian currency notes (FICN) seized from the Tribhuvan International Airport in Kathmandu,Nepal.

Data with the Sashastra Seema Bal reveals FICN recoveries in the first three months this year has surpassed the entire amount recovered last year. Officials said conduits are using new ways to smuggle fake notes into India like concealing them in liquor bottles and food packets.

In 2012,SSB recovered FICN with face value of Rs 1.49 lakh. This year,so far,the force has recovered Rs 10.75 lakh of fake notes. In 2011,the total seized amount was Rs 74,500. Officials said lower recoveries do not mean lower circulation and could be due to inefficient search and seizures by security agencies.

In the last year,FICN with face value of Rs 1.5 crore have been recovered from the Tribhuvan airport and most of the arrested were of Pakistani origin. “Certain consignments are being traced but some may be slipping the security net. This is a worrying trend and the agencies are particularly keeping an eye on this,” said a senior SSB official.

The SSB and its Nepalese counterpart,Armed Police Force,had discussed the FICN issue in December 2012.

“Large volumes of FICN seized along Indo-Nepal border both in India and Nepal indicates that racketeers are becoming more organised. These cartels need to be eliminated. FICN consignments continue to be pushed into India by Pakistan’s ISI with the help of modules nurtured and developed in Nepal. APF may help us nab such elements as and when they cross the border,” SSB had told the AFP.

The SSB official said that FICN recovery is more on the Nepal side.

“The people involved come and store notes in Nepal and push it into India in small amounts,” the official said.

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